EverQuote, Inc. (NASDAQ:EVER) Stock Has Consensus Target Price of $30.00

Key Points

• Analysts are broadly positive: Ten brokerages give EverQuote a consensus “Moderate Buy” rating, with an average 12-month price target of $30. JPMorgan raised its target to $30, while B. Riley increased its target to $35.
• Latest quarterly results beat revenue expectations: EverQuote reported $0.49 earnings per share, in line with estimates, and revenue of $218.08 million versus forecasts of $205.12 million—up 25.4% year over year.
• Shares recently traded at $28.82, near their 12-month high of $31.20. Insiders sold 96,662 shares worth about $2.23 million over the past 90 days, while institutional investors own 91.54% of the stock.

Shares of EverQuote, Inc. (NASDAQ:EVER - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the ten brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $30.00.

EVER has been the subject of several recent analyst reports. Cantor Fitzgerald reiterated an "overweight" rating on shares of EverQuote in a research note on Tuesday. Wall Street Zen downgraded shares of EverQuote from a "buy" rating to a "hold" rating in a research note on Sunday, September 20th. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday. Citigroup reiterated a "buy" rating on shares of EverQuote in a research report on Tuesday. Finally, B. Riley Financial reissued a "buy" rating and set a $35.00 price target (up from $34.00) on shares of EverQuote in a report on Tuesday.

EverQuote Price Performance

Shares of EVER traded down $1.50 on Friday, reaching $28.82. 737,201 shares of the stock traded hands, compared to its average volume of 547,370. The stock's 50-day moving average price is $22.61 and its 200-day moving average price is $20.62. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 9.39 and a beta of 0.82. EverQuote has a 12 month low of $13.88 and a 12 month high of $31.20.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its earnings results on Monday, November 2nd. The company reported $0.49 earnings per share for the quarter, meeting analysts' consensus estimates of $0.49. The business had revenue of $218.08 million for the quarter, compared to analysts' expectations of $205.12 million. EverQuote had a net margin of 14.23% and a return on equity of 47.68%. The firm's revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share. As a group, equities research analysts forecast that EverQuote will post 1.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other EverQuote news, CEO Jayme Mendal sold 20,981 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $24.27, for a total transaction of $509,208.87. Following the transaction, the chief executive officer owned 591,160 shares of the company's stock, valued at approximately $14,347,453.20. This represents a 3.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mira Wilczek sold 9,500 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $25.07, for a total value of $238,165.00. Following the completion of the transaction, the director owned 110,353 shares in the company, valued at $2,766,549.71. The trade was a 7.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 96,662 shares of company stock worth $2,231,849 over the last ninety days. 23.68% of the stock is owned by insiders.

Institutional Investors Weigh In On EverQuote

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in EverQuote by 37.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company's stock worth $10,728,000 after acquiring an additional 190,438 shares during the last quarter. Jacobs Asset Management LLC boosted its stake in EverQuote by 199.9% in the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company's stock worth $6,219,000 after purchasing an additional 268,819 shares during the period. Bank of New York Mellon Corp bought a new position in EverQuote during the 2nd quarter worth about $2,344,000. Squarepoint Ops LLC bought a new position in EverQuote during the 2nd quarter worth about $2,889,000. Finally, Renaissance Technologies LLC raised its stake in shares of EverQuote by 28.9% in the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company's stock valued at $14,517,000 after purchasing an additional 211,360 shares during the period. 91.54% of the stock is owned by institutional investors.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace that connects consumers seeking insurance with insurance providers and distribution partners. The company uses technology, data, and digital marketing to help consumers compare insurance options and obtain quotes.

Its platform has primarily focused on auto insurance, while also supporting other insurance categories, including home and renters insurance. EverQuote generates business by providing insurance carriers and agents with consumer referrals and opportunities to reach people who are actively shopping for coverage.

Founded in 2010 and headquartered in Cambridge, Massachusetts, EverQuote serves the United States insurance market.

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